Walmart uses lower U.S. tax bill to raise minimum wage to $11 an hour
NEW YORK (Reuters) – Walmart Stores Inc said on Thursday it would raise entry-level wages for hourly employees to $11 an hour as it benefits from the biggest overhaul of the U.S. tax code in 30 years.
Exclusive: Lufthansa CEO calls for significant Alitalia cuts – letter
FRANKFURT (Reuters) – Lufthansa sees a need for significant restructuring at Italy’s Alitalia before the German group would be prepared to buy the airline, Lufthansa’s chief executive said in a letter seen by Reuters, tempering expectations for a quic…
So close yet so far: China deal elusive for France’s Areva
SHANGHAI/PARIS (Reuters) – A deal long sought by French company Areva to build a $12-billion nuclear waste reprocessing plant in China looks increasingly unlikely to go ahead despite a visit to Beijing by President Emmanuel Macron meant to drum up busi…
IBM to reassign 30 percent of staff in 2018: The Register
LONDON (Reuters) – International Business Machines Corp plans to reassign up to 30 percent of staff in its 103,000 computer service delivery business this year with job losses through attrition of around 10,000, technology website The Register reported…
Delta sees unit revenue rising, shares jump
(Reuters) – Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by a busy holiday travel season, and forecast even better performance in the current quarter, sending its shares up almost 3 percent in pre…
Futures pick up as bond market worries ease
(Reuters) – U.S. stock futures were slightly higher on Thursday, a day after Wall Street closed lower for the first time this year following a spike in U.S. Treasury yields and concerns over the United States pulling out of a key trade agreement.
Delta sees unit revenue rise as quarterly profit beats
(Reuters) – Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday after more people flew during the holiday season, offsetting higher costs.
Claws are out in logo row between Puma and fashion designer Plein
FRANKFURT (Reuters) – Sportswear firm Puma has won an injunction to stop fashion designer Philipp Plein from selling clothes in Germany bearing a tiger logo similar to its own leaping cat, Puma said on Thursday.
Rocket Internet CEO says ready to pounce with cash pile
BERLIN (Reuters) – Germany’s Rocket Internet needs to hold on to its mountain of cash so it can compete with rivals from the United States and China and pounce when investment opportunities arise, the chief executive said in an interview.
Global business jet market starting to recover: Dassault Aviation chief
PARIS (Reuters) – The global business jet market, which had been bruised by the 2007-08 financial crisis, has started to show signs of recovery, the head of France’s Dassault Aviation said on Thursday.
